Author: Oleksandr Kaiukov
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Banks Urged to Halt Financing for LNG Expansion in Wake of New Report
Urgent Call to Halt LNG Expansion Financing A recent report has shed light on the significant investments made by banks into the largest LNG developers and terminals, sparking concerns among industry experts and environmental organizations. The findings highlight the need for a more sustainable approach to energy production and the importance of responsible financing practices.…
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Fueleu Maritime Takes Effect: Shipping Industry Faces Historic Emissions Challenge
Fueleu Maritime Takes Effect: Shipping Industry Faces Historic Emissions Challenge As of January 1, 2025, Fueleu Maritime has taken effect, marking a significant milestone in the shipping industry’s transition to cleaner fuels. This new regulation aims to reduce greenhouse gas emissions from international shipping, which has been a major contributor to climate change. The implementation…
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IMO Secretary-General Sets Priorities for Shipping in 2025
IMO Secretary-General Sets Priorities for Shipping in 2025 The International Maritime Organization (IMO) has set its priorities for shipping in 2025, focusing on key areas that will impact the industry’s sustainability, safety, and efficiency. The main priorities for shipping in 2025 include sustainable shipping, digitalization, cybersecurity, maritime security, and environmental protection. The IMO aims to…
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LNG Exports Growth Slows Down at 9-Year Low in 2024
Global LNG Exports Experience Slowest Growth Since 2015 Global LNG exports have grown at the slowest pace since 2015, raising concerns that prices could remain high until new supply meets growing demand. This slowdown in growth has significant implications for the maritime and industrial sectors, as LNG is a crucial component of the global energy…
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China’s Arctic Ambitions: A Growing Concern for Global Maritime Security
China’s Growing Presence in the Arctic: A New Era of Military and Security Developments China’s Arctic activities have become a significant focus of attention in recent years, particularly in a new report to Congress about the country’s military and security developments. In the decade since gaining observer status, China has made substantial strides in establishing…
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Liberia Presents Methods for Determining Rudder Angular Position in Case of System Failure
Determining Rudder Angular Position in Case of System Failure The Liberia Maritime Authority has outlined methods for determining rudder angular position in the event of a Rudder Angle Indicator System (RAIS) failure. This is a critical aspect of maritime safety, as the ability to accurately determine the rudder’s position is essential for maintaining control of…
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Lessons learned: Proper housekeeping promotes safety
Lessons Learned: Proper Housekeeping Promotes Safety The importance of proper housekeeping in the maritime industry cannot be overstated. A recent incident involving an engineer’s fall over a loose pipe in the engine room highlights the critical role that housekeeping plays in promoting safety on board. The incident serves as a stark reminder of the need…
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American Club: Mentoring is a key component in ensuring seafarers maintain mental fitness
The American Club’s Priorities for Loss Prevention The American Club has outlined its main priorities for loss prevention over the next five years, with a focus on wellness, mental health, anti-harassment measures, and mentorship programs. According to key experts from the Club, these initiatives are crucial in attracting and retaining skilled seafarers. The importance of…
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2025 Regulatory Outlook: Navigating a Changing Maritime Industry
The Maritime Industry: Navigating a Rapidly Changing Regulatory Environment The maritime industry, a vital part of global trade, is currently navigating a rapidly changing regulatory environment that will influence its present and future. Looking ahead, there are several major issues shaping the regulatory landscape for the sector. The industry’s ability to adapt to these changes…
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The World’s Largest Heavy Transport Vessels: Setting New Standards in Maritime Engineering
The Largest Offshore Construction and Heavy Transport Vessels The maritime industry is home to some of the most impressive and massive vessels in the world. Among these, offshore construction vessels and heavy transport ships play a crucial role in the installation, maintenance, and removal of oil platforms, as well as the transportation of large and…